EOCShares on issue 118.627mShare price 0.40Market capitalization...

EOC
Shares on issue 118.627m
Share price 0.40
Market capitalization 47.5m
Cash position 10.7m
Net assets 18.627m
Net assets p share 0.157

One of the largest landholding in the Bowen Basin with 10 tenements across ~5000km2 targeting 50-80Mt JORC resource by 30 June 2011.
Currently 41.2Mt at Orion downs
Drilling to recommence April 2011.
Orion downs project includes inden project and meteror downs south project

Rockwood project
Drilling project recommenced
Target 50-80Mt inferred by May 2011
Upgrade to indicate target by June 2011.

IPO in April 2010 over subscribed 4 fold. MC on listing was 71.2M.
Substantial holders from IPO:

Stemcor 6.04%
Hidili Industry international Development Ltd 11.24%
Stemcor turnover 2009 $3.5BN Euro
Hidili Market capitalization $2.6BN AUD
EOC market capitalization 47.5m
Top 20 hold 68.86%

Adjacent to existing coal mines/resources operated by largest coal companies in the world, including Rolleston thermal coal (Xstrata) the Dawson coking coal complex (Anglo American Plc), the Minerva thermal coal mine (Yanzhou Coal mining company limited) & the German Creek coking coal mine (Anglo American Plc)

Junior with the closest proximity to Newland resources permits in Emerald. Newland had risen 90% on Friday from announcement regarding significant coal intersections in EPC 1230 with target of between 200-250 Mt of coal Non-JORC compliant yet.

EOC has many tenements surrounding EPC 1230 with Rockwood, Essex, and Orion downs all within the Bowen Basin.

Unusual trading and volume yesterday heavy trades going through at 40c spooked a few traders but is looking good now.

Don't miss the ride on NRL's back IMO.